The Bombay Stock Exchange sensitive index, Sensex, fell 34.13 points and closed at 17065.15 on Wednesday against 17099.28 on Tuesday in volatile trading as investors booked profits amid IMF forecast of slower economic growth in India, and U.S. Fed's policy meeting as America and Europe are feared to be headed for recession.

Refinery and auto stocks fell, while consumer durables, banks and realty stocks made gains, cushioning the fall.

After gaining 354 points on Tuesday amid firm global markets on hopes of another rescue plan for Greece and expectations that the U.S. Federal Reserve will take steps to stimulate its economy, the market turned cautious. — PTI